An overview of the Chinese government's complete cryptocurrency ban enacted in June 2025, covering the timeline of enforcement, major seizures, and the rise of the Digital Yuan.
Explore the scale and mechanics of China's underground crypto market. Learn how traders bypass bans, the risks involved, and the future of digital assets under strict state control.
Despite a total ban since 2021, 59 million Chinese still use crypto through offshore exchanges, P2P trading, and stablecoins. The government pushes its digital yuan while underground adoption grows.
As of 2025, cryptocurrency mining in China is fully illegal, with strict enforcement, asset seizures, and criminal penalties. Learn why China banned crypto, how it's enforced, and the global impact of its zero-tolerance policy.